Simpson Thacher Represents JPMorgan in $2 Billion Revolving Credit Facility for Medco Health Solutions, Inc.
02.24.12
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The Firm recently represented JPMorgan Chase Bank, N.A. as administrative agent in connection with a 364-day, $2,000,000,000 revolving credit facility for Medco Health Solutions, Inc.
Medco is a leading pharmacy benefit manager (PBM), with the nation's largest mail order pharmacy operations. With more than 20,000 employees worldwide, more than 65 million members across America, and 2011 revenues of $70 billion, Medco ranks 34th on the 2011 Fortune 500 list. This year, Medco captured the No. 1 position in the Health Care: Pharmacy and Other Services sector on Fortune's World's Most Admired Companies List for the fourth consecutive year.
The Simpson Thacher team included Patrick Ryan and Mike Vernace (Credit); Chang Won Choi (Tax); and Susan Kaufman (Executive Compensation and Employee Benefits).